Earnings Reports, Interest Rates, and the Prioritization of Travel

STR Data Lab™ by AirDNA · May 25, 2023 · 33m

Jamie Lane sits down with Mariah Kamei this week to talk about STR trends for April. Based on Q1's earnings travel has proven to be resilient despite the current economic climate and the data shows that consumers continue to prioritize spend on travel over all other things. According to Expedia's earnings we have now doubled Q1 of 2019s booking revenues which were pre-pandemic levels. Despite those numbers we've seen another month of declining occupancy which is now 14 months of declining occupancy YOY. We are seeing demand up 12% on STRs and Travel as well as an increase in listings. With…